Past Account Cleanup · Oshawa · Licensed CPA

Past Account Cleanup Oshawa

Unfiled T2 corporate returns, overdue HST, catch-up bookkeeping, CRA compliance letters, payroll arrears, bank reconciliation backlogs and financial statement preparation for prior years. We bring Oshawa businesses back to full CRA compliance. $1,000 per year, flat fee.

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ACTIVELY ACCEPTING
Oshawa Clients

Past account cleanup, catch-up bookkeeping, CRA compliance

Convenient Availability

Weekend and evening support until 9 PM

Always Within Reach

Just a call away when you need us

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Your Oshawa Corporation Owes CRA More Today Than It Did Yesterday and Tomorrow Will Be Worse

CRA interest compounds daily. Not monthly. Not quarterly. Daily. A growing balance keeps adding interest every single day before a single penalty is applied. Then the late-filing penalty arrives: 5% of the balance plus 1% per month for up to 12 months on a first offence. If there is a prior late-filing penalty in the last 3 years, the numbers double: 10% plus 2% per month for up to 20 months. CRA then issues an arbitrary assessment estimating your income far higher than actual. The inflated balance accrues more penalties and more interest until you file the real return.

We handle past account cleanup for Oshawa businesses at a flat $1,000 per year. Unfiled T2 returns filed. Overdue HST caught up with ITCs recovered. Bank reconciliation backlogs cleared. NTR financial statements for every outstanding year. CRA compliance letters answered. Penalty relief submitted. From Downtown Oshawa to North Oshawa, Windfields to Samac, Kedron to Taunton, we bring Oshawa businesses back to full CRA compliance.

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Gondaliya CPA team - past account cleanup Oshawa

Past Account Cleanup Services in Oshawa

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Unfiled T2 Returns

Corporate tax returns for every outstanding year. Financial statements, GIFI schedules and disclosures completed.

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Catch-Up Bookkeeping

Months or years of transactions categorized, bank statements matched and books brought current.

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HST Cleanup and Filing

Overdue HST/GST periods calculated, filed. ITCs recovered. Instalment arrears addressed.

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CRA Compliance Letters

Demands to file, arbitrary assessments, requirements to pay responded to with filed returns.

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Penalty Relief Requests

RC4288 filed where eligible. Extraordinary circumstances documented for penalty cancellation.

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Payroll Arrears

Unfiled T4s, missed remittances, outstanding ROEs and employer penalties corrected.

How We Clean Up Past Accounts for Oshawa Businesses

A structured 6-step process. AFFORDABLE flat-fee pricing at $1,000 per year. No hourly billing.

Assessment: What Is Outstanding

Every gap identified before we touch a single transaction.

Review CRA My Business Account for all unfiled T2 returns, HST periods and T4/T5018 obligations.
Check for compliance letters, arbitrary assessments, requirements to pay and active collection actions.
Identify outstanding payroll remittances, unfiled ROEs and employer penalty assessments.
Determine last reconciled date and months or years of catch-up required.
Flat-fee quote of $1,000 per year for the entire cleanup before any work begins.

Bank Reconciliation and Catch-Up Bookkeeping

The foundation. Every other filing depends on accurate books.

Collect bank statements, credit card statements and payment records for all outstanding periods.
Categorize every transaction in QuickBooks, Xero or your existing software.
Reconcile bank accounts month by month to zero discrepancy.
Identify missing invoices, deposits, loan payments, intercompany transfers and shareholder transactions.
Clean trial balances for each fiscal year-end.

Financial Statement Preparation

CRA requires financial statements with every T2.

NTR financial statements for each outstanding fiscal year from the clean trial balance.
Balance Sheet, Income Statement and Notes per CPA standards.
Retained earnings reconciled across multiple years for continuity.
GIFI schedules mapping directly to the T2 return.
Financial statements included in the per-year cleanup fee.

T2 Corporate Return Filing

Every outstanding T2 filed. Every schedule completed.

T2 returns for each unfiled year using financial statements and GIFI data.
Federal and Ontario tax, small business deduction, CCA and loss carryforwards calculated.
All T2s filed electronically. Confirmation numbers retained.
Total tax, penalties and interest calculated across all years.
Filed in correct sequence (earliest first) for proper loss carryforward application.

HST, Payroll and Other Filings

T2 is not the only obligation.

Overdue HST/GST returns calculated and filed. ITCs recovered where eligible.
Overdue T4, T4A and T5018 slips filed for unreported payroll or contractor payments.
Outstanding CRA payroll remittances submitted. Employer penalties calculated.
Outstanding ROEs filed with Service Canada.
Other CRA information return obligations addressed.

Penalty Relief and Payment Arrangements

Reduce what you owe. Arrange how you pay.

Taxpayer Relief requests (RC4288) filed where extraordinary circumstances exist.
Illness, family emergency, CRA error, advisor failure or first-time lapse documented.
CRA payment arrangements negotiated. Typical: 12 to 24 months.
Pre-authorized debit set up so no deadlines are missed.
Transition to ongoing monthly bookkeeping so the backlog never recurs.

Free Past Account Cleanup Consultation

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Free Past Account Cleanup Consultation

Case Studies: Past Account Cleanup in Oshawa

Real cleanup engagements with Oshawa corporations. Figures are illustrative of the outcomes our cleanup work delivers.

IT Services Corp, Downtown Oshawa (3 Years Unfiled)

An IT services corporation in Downtown Oshawa had not filed T2 or HST returns for 3 years and faced a CRA arbitrary assessment well above actual. We caught up all bookkeeping, prepared NTR financial statements, filed 3 T2 returns and the outstanding HST periods, and recovered missed ITCs. The actual tax came in far below the assessment, and penalty relief was approved for the first year. Get Started →

Arbitrary assessment reversed to actual tax. ITCs recovered.

Restaurant Holdco, North Oshawa (HST Requirement to Pay)

A restaurant holding company in North Oshawa had unfiled T2s and an assessed HST balance, with a requirement to pay issued to the bank. We filed emergency returns within days, recovered eligible ITCs, established the true balance and negotiated withdrawal of the requirement to pay. A payment plan was set up.

Balance corrected. Requirement to pay withdrawn. ITCs recovered.

Dental Practice, Windfields (Payroll + T2)

A dental practice in Windfields had unfiled T2s, two years of unfiled T4s for staff and missed payroll remittances, with an employer penalty assessed. We filed all returns, submitted the remittances, filed penalty relief, and the penalty was substantially reduced. The practice transitioned to monthly bookkeeping. Bookkeeping Services →

Employer penalty substantially reduced. Payroll brought current.

Consulting Corp, Samac (4 Years + Director Liability)

A consulting corporation in Samac had not filed for 4 years, and the sole director was assessed personally for unremitted HST. We filed all 4 years of T2 and HST, established the true HST owing, filed a due diligence defence and negotiated the personal assessment down to the actual amount on a payment plan.

Director liability reduced to actual HST owing.

What Triggers CRA Action Against Oshawa Businesses

CRA Action	What It Means	How We Resolve It
Demand to File	Unfiled obligation identified. 90 days or arbitrary assessment.	File outstanding returns within the window.
Arbitrary Assessment	CRA estimates income. Almost always higher than actual.	File actual return. CRA reassesses to real amount.
Requirement to Pay	Sent to bank or clients. Funds frozen.	File returns. Payment arrangement. Request withdrawal.
Collections and Garnishment	Bank garnished, assets seized without court order.	Emergency filing. Hold collection. Payment plan.
Director Liability	Directors assessed personally for unremitted HST and payroll.	File corporate returns. Due diligence defence.

CRA Can Garnish Without Warning: For HST and payroll, CRA can freeze your Oshawa business bank account without prior notice. Unfiled HST or missed payroll means the risk is immediate.

CRA Penalties and Interest for Late Filing

Filing Type	Penalty	Interest
T2 (first offence)	5% + 1%/month up to 12 months	Compounds daily at the prescribed rate
T2 (repeat)	10% + 2%/month up to 20 months	Same. Repeat = prior 3 years had late penalty.
HST/GST	1% + 0.25%/month up to 12 months	Compounds daily + instalment interest.
Payroll Remittances	3% to 10% depending on days late	Compounds daily. Per remittance period.
T4/T4A	$10/day per slip up to $1,000	Triggers payroll audit.
Failure to File	Demand, then arbitrary assessment	Filing actual return always better.

The CRA prescribed interest rate changes quarterly. We apply the current rate when calculating your balance.

What Our Past Account Cleanup Includes

Service	What We Do
CRA account review	Identify every unfiled return, balance, compliance letter and collection action.
Catch-up bookkeeping	Bank reconciliation, categorization and trial balance for all outstanding periods.
NTR financial statements	Balance Sheet, Income Statement, Notes. Included in the per-year fee.
T2 filing	All outstanding T2s filed electronically. GIFI, losses, CCA calculated.
HST/GST cleanup	All overdue periods filed. ITCs recovered.
Payroll corrections	T4s, remittances, ROEs filed. Penalties negotiated.
CRA correspondence	Compliance letters, demands, assessments responded to.
Penalty relief	RC4288 filed. Extraordinary circumstances documented.
Payment arrangements	12-24 month plans. Pre-authorized debit.
Transition to ongoing	Monthly bookkeeping from $150/month. HST and T2 FREE.

Do You Need Past Account Cleanup?

You have 1 or more unfiled T2 corporate tax returns
You received a CRA demand to file or compliance letter
You have overdue HST/GST periods not yet filed
Your bookkeeping has not been done for 6+ months
Your bank accounts are not reconciled in accounting software
You received an arbitrary assessment from CRA
CRA sent a requirement to pay to your bank or clients
You have unfiled T4s or missed payroll remittances
You need financial statements for a loan, mortgage or lease
You want to dissolve a corporation but have unfiled returns
You have a director liability assessment
You need CRA compliance for government programs or licences

Past Account Cleanup at $1,000 per Year. Flat Fee.

Entire cleanup quoted before work begins. 30-Day Money-Back Guarantee.

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Why Oshawa Businesses Choose Gondaliya CPA

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CRA Compliance Experts

Unfiled returns, arbitrary assessments, garnishments and director liability handled every week.

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Fast Turnaround

Most cleanups in 2 to 6 weeks. Emergency filings available.

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Flat-Fee Pricing

$1,000 per year, no hourly billing, no scope creep. 30-Day Money-Back Guarantee.

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1300+ Reviews

AFFORDABLE pricing. 60-Day Fees-Matching Policy.

Transparent Flat-Fee Pricing

Service	Fee	Includes
Past account cleanup (per year)	$1,000 per year	Bookkeeping, NTR statements, T2, HST, CRA correspondence
Multi-year cleanup	$1,000 per year	Each prior year at the same flat rate. Quoted per engagement.
HST cleanup	Included	HST calculation, ITC recovery and filing included in the per-year fee.
Penalty relief (RC4288)	Included	Taxpayer Relief application, documentation and follow-up.
Ongoing bookkeeping	From $150/month	Monthly bookkeeping. HST filing, T2 FREE.

Past account cleanup is a flat $1,000 per year, confirmed after we review the state of your books. All fees include HST.

Know Your Exact Fee Before We Start

Flat fee, fixed in advance. 30-Day Money-Back. 60-Day Fees-Matching.

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Past Account Cleanup Across Oshawa

We serve businesses in every Oshawa neighbourhood. Virtual delivery across the entire area and the GTA.

Downtown OshawaNorth OshawaWindfieldsSamacKedronTauntonCentennialDonevanEastdaleLakeviewStevensonMcLaughlinO'NeillNorthglenPinecrestAll of Oshawa

Gondaliya CPA, Oshawa Office
210 Durham St, Oshawa, ON L1J 5R3
Phone: 647-212-9559

Industries We Serve in Oshawa

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Frequently Asked Questions: Past Account Cleanup Oshawa

How much does past account cleanup cost in Oshawa?

A flat $1,000 per year, which covers the books rebuild, reconciliation, NTR statements, T2 and HST for that year. The fee is confirmed before work begins, and all fees include HST. Know Your Exact Fee →

What happens if I do not file my T2?

CRA issues a demand to file, then an arbitrary assessment. Penalty: 5% + 1%/month (first offence) or 10% + 2%/month (repeat). Interest compounds daily on top.

Can CRA garnish my Oshawa business bank account?

Yes. For HST and payroll, CRA can garnish without a court order or prior notice. Unfiled HST or missed payroll means the risk is immediate.

What is an arbitrary assessment?

CRA estimates your income, almost always higher than actual. You owe the assessed amount until you file the real return, which reverses it to the correct figure.

How long does cleanup take?

One year: 2-3 weeks. Two years: 3-4 weeks. Three or more: 4-6 weeks. Emergency turnaround is available for active CRA collection.

I received a CRA demand to file.

Do not ignore it. You generally have 90 days to respond. We file before the deadline to prevent an arbitrary assessment.

Can you recover ITCs from unfiled HST?

Yes. There are often unclaimed input tax credits sitting in unfiled returns. We recover eligible ITCs and offset them against balances owing.

What is Taxpayer Relief?

An RC4288 request to cancel penalties and interest for extraordinary circumstances such as illness, disaster, CRA error or a first-time lapse. It is included in your cleanup fee.

Do I need financial statements for a T2?

Yes. CRA requires financial statements with every T2. We prepare NTR statements from your reconciled books, included in the per-year fee.

What if I am missing bank statements?

Banks provide several years online, with older statements available for a small fee. We reconstruct from available records where needed.

What is director liability?

CRA can assess directors personally for unremitted HST and payroll, even after dissolution. Filing all corporate returns and a due diligence defence reduces the risk.

What is the CRA interest rate?

CRA charges interest that compounds daily at a prescribed rate, which changes quarterly. We apply the current rate when calculating your balance.

Can I get a payment plan with CRA?

Yes, once all returns are filed. Plans typically run 12 to 24 months. Interest continues, and we set up pre-authorized debit so no deadline is missed.

What about unfiled T4s?

There is a per-slip daily penalty. We file all outstanding T4s and the overdue payroll remittances that go with them.

What is the repeat T2 penalty?

10% + 2%/month for up to 20 months, which applies when a late-filing penalty was charged in the prior 3 years. We work to reduce it through relief where eligible.

Does filing order matter?

Yes. We file the earliest year first so loss carryforwards and CCA apply correctly across the later years.

What about HST instalment arrears?

We calculate the interest, file the returns, and apply ITCs to offset amounts owing.

Can you do personal T1 cleanup too?

Yes. Personal returns are often needed alongside corporate cleanup, and we handle both together.

I need financial statements for a loan.

We catch up the books and prepare NTR statements for your lender, typically within 2 to 4 weeks.

I want to wind down my corporation.

All outstanding T2s filed, HST settled, a final return prepared, and Articles of Dissolution handled so the wind-down is clean.

A requirement to pay was already sent.

We file immediately and contact CRA collections. In many cases the requirement to pay is withdrawn within a few weeks once returns are filed and a plan is in place.

What about voluntary disclosure?

The VDP applies to unreported income rather than simply unfiled returns. We assess eligibility and advise the right path for your situation.

Can you deal with CRA collections for me?

Yes. We communicate with CRA directly, and CPA representation generally secures better terms.

Will this affect my credit?

CRA liens can affect credit. Filing and arranging payment prevents escalation that would cause further damage.

What bookkeeping software do you use?

QuickBooks Online or Xero, or your existing system if you already have one.

I need compliance for a government program.

Most programs require CRA compliance. We bring your filings current to restore eligibility.

How do loss carryforwards work?

Non-capital losses generally carry forward 20 years and back 3. Filing in the correct order ensures they apply properly.

Are your fees inclusive of HST?

Yes. All quoted fees include HST, so the number you are quoted is the number you pay. Payment is by Interac e-Transfer to info@gondaliyacpa.ca with auto-deposit enabled.

Do you offer ongoing bookkeeping after cleanup?

Yes. From $150/month, with HST filing and T2 included, so the backlog never recurs.

How do I schedule a consultation?

Book online or call 647-212-9559. We give you a fixed-fee quote with no obligation. Book Free Consultation →

Meet Your Past Account Cleanup Specialists

Sharad Gondaliya, CPA

Founder & Managing Director
Gondaliya CPA Professional Corporation

Sharad manages all past account cleanup engagements, CRA negotiations, penalty relief and director liability matters.

Vandana Goel, CPA

Senior Accountant
Gondaliya CPA Professional Corporation

Vandana handles catch-up bookkeeping, bank reconciliation, NTR financial statements and T2 filing.

What Our Clients Say

1300+ five-star reviews from business owners across Ontario and Canada.

10 Smart Past Account Cleanup Strategies That Save You Money

#	Strategy	Why It Saves You Money
1	File the earliest year first	Loss carryforwards offset later-year income. Wrong order can mean overpaid tax.
2	Recover unclaimed ITCs from unfiled HST	Credits sitting in unfiled returns are recovered when you file.
3	File before an arbitrary assessment	Arbitrary assessments inflate income. Filing first avoids the inflated balance.
4	Apply for penalty relief (RC4288)	CRA can cancel penalties for extraordinary circumstances. Relief granted is money kept.
5	Maximize CCA in every outstanding year	Vehicles, equipment, computers and leasehold improvements are all eligible.
6	Claim the small business deduction	The SBD lowers the federal rate on qualifying active income. Missing it overpays tax.
7	Reconcile shareholder loans before filing	Unreconciled loans can trigger a subsection 15(2) taxable benefit.
8	Negotiate a payment plan before collections	A voluntary arrangement prevents garnishment.
9	Claim home office expenses where eligible	A reasonable share of home costs is deductible for a home-based business.
10	Transition to monthly bookkeeping	Ongoing bookkeeping from $150/month prevents future penalties.